China Should Boost Platform Economy With New Measures - Yicai

China should introduce a number of targeted policies to support the development of the platform economy and innovative enterprises, as the platform economy requires new measures to revive growth after the government's recent round of reforms, Yicai.com reported citing analysts. Platform companies are an important driver of economic recovery as online transactions proved to be less affected by the Covid-19 pandemic and the Russia-Ukraine war, and they could deliver growth amid a possible global recession, the newspaper said citing analysts. It is necessary to increase fiscal and taxation support, and promote the integration of the platform economy with the development of smart cities and industrial Internet, the newspaper said.